Filed December 21, 2023 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $96,312 |
Filed as: PRINCIPAL SECURITIES INC Service code 49 · EIN 42-0941553 | Other Services | $32,110 |
WILSHIRE ASSOCIATES INCORPORATED4+ years Service code 27 · EIN 95-2755361 | Advisory (Plan) | $0 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $55,559 | $80,005-30.6% | $140,019-60.3% | $55,725-0.3% |
| Participation rate | 97.8% | 87.0%+10.8pp | 87.5%+10.3pp | 70.9%+27.0pp |
| Annual return | -8.67% | 0.46%-9.1pp | 651.15%-659.8pp | 244.93%-253.6pp |
| Employer contribution / active EE | $3,795 | $3,403+11.5% | $5,605-32.3% | $2,078+82.6% |
| Participant deferral / active EE | $4,797 | $5,264-8.9% | $6,927-30.7% | $3,356+43.0% |
| Admin fee / account holder | $311 | $116+168.6% | $10,705-97.1% | $115+169.7% |